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Board approves financing resolution for energy project; chooses Washington State Treasurer loan
Summary
The board approved Resolution I-25, authorizing financing for the district's energy-savings performance contract with Ameresco and selecting a Washington State Treasurer local loan; vote passed 4-0.
The Battle Ground School District Board of Directors on Aug. 11 approved Resolution I-25, authorizing financing for the district's energy-savings performance contract with Ameresco and authorizing execution of related financing documents. The motion passed 4-0.
Finance staff presented three financing options the district considered: a Capital One loan offered through the vendor (17-year term, 5.19% interest), an intra-fund loan using district impact fees (deemed administratively unusual), and a state-supported local loan through the…
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